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Project Overview
Zone (formerely Appzone) is a regulated blockchain network that enables payments and acceptance of digital currencies. It aims to connect every monetary store of value using blockchain and create one global network to pay anyone through any means and in any currency.
AI data center operator DataVita completes £300 million funding round with participation from ING and others
Odaily News: AI data center operator DataVita has announced securing £300 million (approximately $406 million) in funding to expand its artificial intelligence data center campus at the AI Growth Zone in Lanarkshire, Scotland.The funding was provided by a consortium consisting of ING, ABN AMRO, Spain's Santander Bank, the Scottish National Investment Bank, and Siemens Financial Services, with the UK National Wealth Fund guaranteeing £202 million of the loans.DataVita stated that the funds will be used to expand its existing DV1 data center and construct the new DV3 facility. Upon completion, both DV1 and DV3 will each provide 40MW of power capacity, adding a total of 80MW of new capacity. Currently, AI cloud computing provider CoreWeave has already pre-leased the full capacity of both data centers under a 15-year lease term. CoreWeave primarily provides computing infrastructure services to multiple leading AI model developers. (Bloomberg)
Analyst: $60,000 Could Become Bitcoin’s New Accumulation Zone; Cycle Bottom Watch at $48,000
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle remains around $48,000. Currently, Bitcoin’s post-adjustment seller risk ratio indicator shows that unprofitable supply is beginning to surpass profitable supply, and unrealized pressure on holders is rising significantly. Meanwhile, the Cumulative Value Destroyed Days (CVDD) valuation model indicates that Bitcoin’s structural bottom for this cycle is approximately $48,000.
Gate's Stock Token Zone will list 7 tokens including MAG7XON, supporting spot and flash swap trading
According to an official announcement, Gate's Stock Token Zone will list MAG7XON, BRAINON, YLD5ON, YLD8ON, BLKHION, BLKDIGON, and BLKGRWON for spot trading and flash swap trading on September 28.Gate's stock tokens are launched through a partnership between Gate and Ondo, adopting a compliant real-world asset tokenization model that supports 24/7 trading, fractional share trading, and on-chain transfers. Users can participate in the relevant markets using USDT, providing a new connection between traditional stock assets and the on-chain trading ecosystem.
Cambodia Publicly Identifies Legend Innovation, Operator of Largest Telecom Fraud Hub, Tied to Prince Group
According to Caixin, Cambodia has publicly disclosed the inner workings of the telecom fraud compound known as "Zone 8" for the first time. Dubbed a "scam city," it is Cambodia's largest fraud operation, capable of housing up to 20,000 individuals trafficked and forced to engage in online fraud. The site is operated by the Cambodian company Legend Innovation. Blockchain analytics firm Elliptic's investigation revealed that the operator is linked to Prince Group. Legend Innovation is alleged to maintain ties with the US- and UK-sanctioned Prince Group through corporate phone numbers, director activities, and related business records. Notably, the registered phone number used by Legend Innovation previously appeared in documents concerning a real estate company alleged to be part of Prince Group's network.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Malaysian Police Raid and Dismantle Illegal Cryptocurrency Mining Site in Port Klang Free Zone
According to Malaysian media "New Straits Times", Malaysian police yesterday raided and shut down an illegal cryptocurrency mining den located in a warehouse at Pulau Indah, Port Klang Free Zone. During the raid, two foreign men aged 20 and 31 were detained, and mining equipment was seized. According to Malaysian law, this act violates the Penal Code and the Electricity Supply Act. If convicted, the two face ten years imprisonment and a fine of 100,000 Ringgit (approximately 24,500 USD).
Uzbekistan Establishes a Special Economic Zone Exclusively for Miners, with Tax Exemptions Extended to 2035
According to bits.media, Uzbekistan’s President Shavkat Mirziyoyev signed a decree establishing the Besqala Mining Valley Special Economic Zone in the Republic of Karakalpakstan. Miners operating within the zone will enjoy tax incentives, valid until January 1, 2035. The zone will be connected to a unified power system powered by renewable energy and hydrogen. Cryptographic assets mined within the zone may be sold or exchanged via domestic Uzbek exchanges or overseas platforms. Mining licenses will be issued by the State Agency for Perspective Projects. Currently, Uzbekistan mandates that cryptocurrency transactions be conducted exclusively through state-licensed service providers; peer-to-peer (P2P) transactions are explicitly prohibited by law, digital assets cannot be used for payment or settlement, and only legal entities are permitted to engage in mining activities. The country introduced its mining licensing regime in 2023, with the first license officially issued only at the end of February 2026.
Tempo’s Launch of “Zones” Feature Sparks Privacy Controversy; Enterprise-Grade Stablecoin Privacy Solution Criticized for Centralization
According to Cointelegraph, Tempo—a payment-focused Layer-1 public blockchain backed by Stripe and Paradigm—recently launched its new “Zones” feature, enabling enterprises to conduct stablecoin transactions within permissioned environments while maintaining interoperability with public-chain liquidity. This functionality is primarily targeted at use cases such as payroll distribution, fund management, and B2B settlements. However, the feature has drawn criticism from industry observers due to its operator-centric design. Each Zone is controlled by a single operator who can view all transaction data and has the authority to suspend users’ transfer or withdrawal privileges in accordance with compliance requirements. Critics argue that this introduces a trust assumption akin to that of centralized exchanges, thereby deviating from blockchain’s core trustless principle.
Deel becomes first customer as Tempo puts Zones privacy system into production
on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
Glassnode: BTC Rebounds 26% After Short Squeeze, $81,000–$86,000 Becomes Key Supply Resistance Zone
According to Glassnode, Bitcoin has rebounded approximately 26% from its mid-August low, driven primarily by record short liquidations. August 19 marked the largest single-day short liquidation day monitored since 2019, with shorts accounting for 85% of total liquidations within the squeeze window. Over the same period, coin-denominated BTC futures open interest fell by 11%, while perpetual contract funding rates remained largely neutral, indicating that the rally was not accompanied by significant new leveraged long positioning. On the capital flow front, U.S. spot Bitcoin ETFs recorded cumulative net inflows of $2.23 billion during this window, with no single-day net outflows, marking the strongest consecutive seven-day inflow streak of the year. The 30-day accumulation trend scores for wallets across all size categories remained above 0.5, reflecting broad-based buying coverage throughout the market. However, Glassnode notes that the $81,000–$86,000 zone concentrates the cost basis of long-term holders, sell orders, options market maker negative gamma positioning, and potential short liquidation bands, forming the primary resistance to the current rebound. The report suggests that if BTC holds above $83,300 alongside sustained ETF inflows, it may signal that this supply zone is being absorbed. Downside focus should then shift to the $70,000 short-term holder cost basis, followed by the $62,000–$65,000 support range.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Analyst: Short-Term Holder Supply Share Continues to Contract, May Reflect Bitcoin Is in Opportunity Zone
CryptoQuant analyst Darkfost stated that the share of supply held by Short-Term Holders (STH) in the Bitcoin market is declining significantly, with the current distribution as follows: less than 1 day accounts for 1.2%, 1 day to 1 week accounts for 2%, 1 week to 1 month accounts for 5.6%, 1 month to 3 months accounts for 6.7%, and 3 months to 6 months accounts for 8.1%. He believes that this trend usually appears at the end of a bear market: on one hand, it indicates that the number of Long-Term Holders (LTH) is increasing, with fewer coins in active circulation in the market; on the other hand, it also indicates that new demand has not yet significantly returned.
Analyst: BTC Chip Concentration Rises to 14.8%, Entering High-Risk Volatility Zone
Odaily News: Crypto analyst Murphy stated that Bitcoin chip concentration has risen to 14.8%, approaching historical high-risk levels. Chip concentration alone cannot determine the future direction of BTC prices, but historical data suggests that when the curve begins to turn, if BTC prices have been rising previously, the probability of continued upward movement is higher; conversely, the probability of continued downward movement is higher.Currently, this indicator is still in an upward phase, so the direction of the next price swing cannot yet be determined. However, market data shows that as chip concentration continues to rise, potential volatility risks are accumulating, and the BTC market may face larger price fluctuations.
Analyst: Bitcoin MVRV Z-Score Hits Multi-Year Low, Market in Undervalued Zone but No Capitulation Signal Yet
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
Gate's Contract Stock Zone will launch contract trading, trading bots, and copy trading for 5 contracts including TTMI (TTM Technologies)
According to official announcements, Odaily reports that Gate will launch contract trading, trading bots, and copy trading for TTMI (TTM Technologies), EIDO (iShares MSCI Indonesia ETF), EQT (EQT Corporation), CSX (CSX Corporation), and AXP (American Express) on October 27, 2026, at 17:00 (UTC+8), supporting 1–20x long and short positions.As of now, Gate supports contract trading for 496 stocks.
Gate Futures Meme Zone has launched KIMCHI futures trading, trading bots, and copy trading features
Odaily reports: According to an official announcement, Gate's Futures Meme Zone has launched KIMCHI futures trading, trading bots, and copy trading features. The futures support 1x to 10x long and short positions.It is reported that KIMCHI (Aura Final Boss) is a Meme coin issued on the SOL chain.
Xi Jinping Inspects Ulanqab: Promote Development of the Green Computing Power Industry and Transform Computing Power Advantages into Developmental Advantages
According to Xinhua News Agency, Xi Jinping, general secretary of the CPC Central Committee, president of the People's Republic of China and chairman of the Central Military Commission, inspected the Chahar High-Tech Industrial Development Zone in Ulanqab City, Inner Mongolia, on Oct. 16, to learn about the region's progress in building hub nodes for the "East Data, West Computing" project and developing a green computing industry. Rich in wind and solar resources, Ulanqab has leveraged advantages such as green electricity, climate, and location to foster its green computing sector, achieving notable results in recent years. Xi Jinping pointed out that implementing the "East Data, West Computing" project and building a national integrated computing power network represent a key deployment by the CPC Central Committee. Scientific planning, resource support, and security safeguards must be strengthened to ensure the efficient operation of completed projects and the timely completion of upcoming ones. The industrial chain should be extended to promote deep integration of the digital economy with the real economy, converting computing advantages into broader developmental strengths. He also noted that the computing power network is one of the state-planned "six major networks," with the computing industry accelerating its development and holding broad prospects. He stressed implementing standards for efficiency, sustainability, and safety, while emphasizing synergy between computing and electricity, and between computing and water. Computing center projects must be effectively built and operated to contribute to the advancement of Digital China and the growth of new quality productive forces.
Deel becomes first customer as Tempo puts Zones privacy system into production
on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
Gate's Contract Stock Zone will list 10 new targets including MP and SBUX, while the Meme Zone adds BATON contracts
According to an official announcement, Odaily reports that Gate will launch contract trading, trading bots, and copy trading for MP (MP Materials), ZCSH (Grayscale Zcash Trust), SNPS (Synopsys), LEN (Lennar Corporation), SBUX (Starbucks), VKTX (Viking Therapeutics), UMC (United Microelectronics Corporation), USDEX (StablecoinX), LULU (Lululemon), and AKAM (Akamai Technologies) on October 13, 2026, at 12:00 (UTC+8). The contracts support 1x to 20x long and short positions, with leverage selectable at the time of order placement. As of now, Gate supports contract trading for 475 stocks, providing users with more trading strategies and operational options.In addition, Gate's Contract Meme Zone has listed BATON contract trading, trading bots, and copy trading, with contracts supporting 1x to 10x leverage.
Ethereum Mainnet Completes First L1-to-L2 Atomic Cross-Chain Transaction, EEZ Says Atomic Synchronous Composability Is Now Live
Odaily reports: Eduardo Antuña, a core contributor to Ethereum Economic Zone (EEZ), posted on X that the Ethereum mainnet has successfully executed its first atomic cross-chain transaction from L1 to L2, marking the official deployment of atomic synchronous composability on the mainnet, no longer remaining at the theoretical stage. Eduardo Antuña noted that this is only the starting point for EEZ's efforts to promote synchronous cross-layer interaction and liquidity unification on Ethereum.
Related news
Gate's Contract Stock Zone will launch contract trading, trading bots, and copy trading for 5 contracts including TTMI (TTM Technologies)
According to official announcements, Odaily reports that Gate will launch contract trading, trading bots, and copy trading for TTMI (TTM Technologies), EIDO (iShares MSCI Indonesia ETF), EQT (EQT Corporation), CSX (CSX Corporation), and AXP (American Express) on October 27, 2026, at 17:00 (UTC+8), supporting 1–20x long and short positions.As of now, Gate supports contract trading for 496 stocks.
Gate Futures Meme Zone has launched KIMCHI futures trading, trading bots, and copy trading features
Odaily reports: According to an official announcement, Gate's Futures Meme Zone has launched KIMCHI futures trading, trading bots, and copy trading features. The futures support 1x to 10x long and short positions.It is reported that KIMCHI (Aura Final Boss) is a Meme coin issued on the SOL chain.
Xi Jinping Inspects Ulanqab: Promote Development of the Green Computing Power Industry and Transform Computing Power Advantages into Developmental Advantages
According to Xinhua News Agency, Xi Jinping, general secretary of the CPC Central Committee, president of the People's Republic of China and chairman of the Central Military Commission, inspected the Chahar High-Tech Industrial Development Zone in Ulanqab City, Inner Mongolia, on Oct. 16, to learn about the region's progress in building hub nodes for the "East Data, West Computing" project and developing a green computing industry. Rich in wind and solar resources, Ulanqab has leveraged advantages such as green electricity, climate, and location to foster its green computing sector, achieving notable results in recent years. Xi Jinping pointed out that implementing the "East Data, West Computing" project and building a national integrated computing power network represent a key deployment by the CPC Central Committee. Scientific planning, resource support, and security safeguards must be strengthened to ensure the efficient operation of completed projects and the timely completion of upcoming ones. The industrial chain should be extended to promote deep integration of the digital economy with the real economy, converting computing advantages into broader developmental strengths. He also noted that the computing power network is one of the state-planned "six major networks," with the computing industry accelerating its development and holding broad prospects. He stressed implementing standards for efficiency, sustainability, and safety, while emphasizing synergy between computing and electricity, and between computing and water. Computing center projects must be effectively built and operated to contribute to the advancement of Digital China and the growth of new quality productive forces.
Deel becomes first customer as Tempo puts Zones privacy system into production
on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
Gate's Contract Stock Zone will list 10 new targets including MP and SBUX, while the Meme Zone adds BATON contracts
According to an official announcement, Odaily reports that Gate will launch contract trading, trading bots, and copy trading for MP (MP Materials), ZCSH (Grayscale Zcash Trust), SNPS (Synopsys), LEN (Lennar Corporation), SBUX (Starbucks), VKTX (Viking Therapeutics), UMC (United Microelectronics Corporation), USDEX (StablecoinX), LULU (Lululemon), and AKAM (Akamai Technologies) on October 13, 2026, at 12:00 (UTC+8). The contracts support 1x to 20x long and short positions, with leverage selectable at the time of order placement. As of now, Gate supports contract trading for 475 stocks, providing users with more trading strategies and operational options.In addition, Gate's Contract Meme Zone has listed BATON contract trading, trading bots, and copy trading, with contracts supporting 1x to 10x leverage.
Ethereum Mainnet Completes First L1-to-L2 Atomic Cross-Chain Transaction, EEZ Says Atomic Synchronous Composability Is Now Live
Odaily reports: Eduardo Antuña, a core contributor to Ethereum Economic Zone (EEZ), posted on X that the Ethereum mainnet has successfully executed its first atomic cross-chain transaction from L1 to L2, marking the official deployment of atomic synchronous composability on the mainnet, no longer remaining at the theoretical stage. Eduardo Antuña noted that this is only the starting point for EEZ's efforts to promote synchronous cross-layer interaction and liquidity unification on Ethereum.